VolPay

VolPay by Volante Technologies is a cloud-native payments solution designed to cater to the needs of banks and financial institutions worldwide. This platform offers end-to-end processing of domestic and international payments, supporting various payment types such as real-time, ACH, and RTGS payments. VolPay is targeted at financial institutions of all sizes and is utilized by banks, financial institutions, payment processors, clearing and settlement providers, and corporate banks.

Key Features

End-to-end payments processing: According to the vendor, VolPay offers a comprehensive solution for processing domestic and international payments, covering the entire lifecycle from initiation to clearing and settlement. It supports various payment types and integrates with multiple payment networks, including SWIFT, Ripple, and Visa B2B.

Accelerate corporate onboarding: The vendor claims that VolPay streamlines the onboarding process for corporate customers, automating corporate to bank connectivity and providing a seamless onboarding experience. This feature aims to enable banks to onboard corporate clients faster and potentially win new business.

Build new real-time 24x7 customer experiences: VolPay enables banks to offer real-time payment options to their customers, enhancing their experience with faster and more convenient payment capabilities. According to the vendor, this feature helps banks stay competitive and meet evolving customer expectations.

Improve time to value for new products: The vendor states that VolPay simplifies product development and deployment by providing a unified payments processing platform. This eliminates the need for multiple systems and potentially reduces the time to market for new products and services, giving banks a potential competitive advantage.

Lower cost of payments infrastructure: VolPay's cloud-native architecture allows banks to leverage the benefits of cloud technology, potentially reducing the cost of maintaining and managing their payments infrastructure. The microservices-based approach is said to enable scalability and cost-efficiency.

Speed up regulatory compliance: The vendor claims that VolPay supports regulatory standards and frameworks, potentially reducing the burden on banks to ensure compliance. Its automation capabilities are said to streamline compliance processes, potentially saving time and effort for banks.

Unlock the power of payments data: VolPay consolidates and processes payments data, providing banks with valuable insights for informed decision-making. According to the vendor, banks can leverage data analytics and business intelligence to gain a holistic view of their operations and customer behavior.

Increase straight-through processing: VolPay aims to increase straight-through processing (STP) rates by automating payment processing workflows. According to the vendor, this minimizes errors and exceptions, leading to potentially faster and more accurate transaction processing and improved operational efficiency.